Legislative Session number- 83

Bill Name: SF2536

E Providing a process for the location, construction, financing and + long term
use of new baseball and football stadiums primarily for use by the +Minnesota
Twins and the Minnesota Vikings respectively; requiring location in +the
metropolitan area and authorizing a joint powers agreement between +cities
and/or counties to host one or both stadiums; establishing the +Minnesota
stadium authority to choose the stadium sites from proposals +submitted by
franchise owners, authorizing certain contracts, specifying certain +membership
requirements and providing for appointment; enumerating the powers of+ the
authority, authorizing the establishment of a condominium or common +interest
community (CIC); specifying certain criteria and conditions to be +followed or
enforced during the stadium process, requiring development agreements+ with the
host community and the team relating to funding and construction, +requiring
review of the contracts by the commissioner of finance and the +metropolitan
council and public hearings; requiring the authority to set a maximum+ total
public investment; specifying certain factors to be considered in +selecting the
sites; requiring a reserve fund for capital improvements and +guaranteed payment
of obligations; requiring league agreements for continuation of +franchises in
the metropolitan area, requiring and providing for a community +ownership option
and for public share of the value upon sale of a franchise; requiring+ stadium
use agreements to provide for use for amateur sports and a no strike +agreement;
authorizing and providing for metropolitan council issuance of bonds +for
certain purposes and requiring certain council determinations before +beginning
construction; specifying certain powers of the host community and +certain
negotiation deadlines; repealing certain existing provisions +providing for
construction of a new baseball park (ja)